KUALA LUMPUR, Oct. 25 -- The Chinese and U.S. delegations convened on Saturday morning for talks on economic and trade issues.

The two sides will hold consultations on important issues in China-U.S. economic and trade ties in accordance with the important consensus reached by the heads of state of the two countries during their phone calls this year, a spokesperson for China's Ministry of Commerce said in a statement on Thursday.

The Chinese delegation is led by Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee.